European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

European Residential Real Estate Investment Trust (TSE:ERE.UN) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$3.47.

ERE.UN has been the subject of a number of recent analyst reports. CIBC lowered their target price on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research note on Wednesday, September 18th. Raymond James lifted their price objective on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research note on Thursday, September 19th. TD Securities upped their target price on European Residential Real Estate Investment Trust from C$3.50 to C$3.75 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Ventum Financial lifted their price target on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, Scotiabank boosted their price target on European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the company a “sector perform” rating in a research note on Wednesday, September 18th.

European Residential Real Estate Investment Trust Trading Up 0.3 %

TSE:ERE.UN opened at C$3.28 on Friday. The stock has a market capitalization of C$301.76 million, a price-to-earnings ratio of 17.26 and a beta of 1.25. European Residential Real Estate Investment Trust has a 52 week low of C$2.12 and a 52 week high of C$3.30. The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06. The firm has a 50 day moving average of C$2.80 and a 200 day moving average of C$2.51.

About European Residential Real Estate Investment Trust

European Residential Real Estate Investment Trust – ERES is an unincorporated, open-ended real estate investment trust. ERES’s REIT units are listed on the TSX under the symbol ERE.UN. ERES is Canada’s only European-focused multi-residential REIT, with a current initial focus on investing in high-quality multi-residential real estate properties in the Netherlands.